Notable pepper, sugar, and cocoa market information in Vietnam

Published 2021년 11월 15일

Tridge summary

The domestic pepper price in Vietnam is currently ranging from 82,500 to 85,000 VND/kg, with a recent decline of 2,500 to 3,000 VND/kg last week. Experts predict that prices may drop further, despite concerns. In the first 10 months of the year, Vietnam's pepper import and export volumes have decreased by 29.1% and 4.95%, respectively, compared to the same period in 2020. Meanwhile, in India, black pepper prices have risen due to relaxed Covid-19 restrictions. Concurrently, the price of Thai white sugar has increased by 3.08% to 522.8 USD/ton, while cocoa futures for March 2022 in New York and London have fallen by 0.5% and 0.9%, respectively. Cocoa farmers in Ivory Coast and Ghana are hopeful about the yield of the current crop, given the favorable weather conditions in West Africa.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Pepper The price of pepper in the domestic market traded at 82,500 - 85,000 VND/kg. The highest price in Ba Ria - Vung Tau, the lowest in Gia Lai. Thus, last week, pepper price lost 2,500 - 3,000 VND/kg. With a continuous decline, the fear of pepper prices continuing to decrease is appearing in many people. However, experts say pepper will soon increase again. In the first 10 months of the year, Vietnam imported 21,977 tons of pepper, of which black pepper reached 16,322 tons, white pepper reached 5,655 tons, down 29.1% over the same period in 2020. Exported pepper in this period reached 229,736 tons of pepper, down 11,969 tons, equivalent to 4.95% over the same period last year. In contrast, in India, the easing of Covid-19 restrictions has created a new impetus for the price of black pepper in this country. In the last week of October, the price of black pepper increased by 41 rupees/kg. Accordingly, the price of ungraded pepper was adjusted to Rs 452 Rs/kg, and Rs 472 Rs/kg ...

Source: Vinanet